Recently, the 'star' projects that have exploded are quite spectacular: Nyan Heroes, Blast Royale, The, Mystery, Society... which one did you get involved with? On-chain data shows that more than 10,000 BTC flowed out of exchanges yesterday, and the market saw selling pressure with big players accumulating. Major capital is optimistic about BTC's future to replace gold, thus companies, sovereign nations, and retail investors are trading BTC. However, retail investors frequently operate both long and short, while central banks and institutions continue to buy. If BTC breaks and stabilizes above $110,000, altcoins are expected to rise. The current macro environment is not good, but large institutions and companies still favor BTC; if it surges, altcoins will follow; if it retraces, the gains in altcoins will be given back. According to the liquidation map, the overall market is long; if BTC falls to $103,800, it is expected to liquidate about $1.97 billion in longs; if it rises to $107,800, it is expected to liquidate about $1.25 billion in shorts.
In terms of operations, it is advisable to remain calm and not blindly chase highs; mastering the rhythm is crucial. Patiently wait, and opportunities will come. As for the true market for altcoins, it usually explodes following Bitcoin's breakthrough. Once Bitcoin breaks through its previous high, market confidence and funds will quickly flood in, driving altcoins accordingly. The big players are quietly controlling the market, while chain game projects are collectively collapsing! The countdown for altcoin bull market explosion begins, laying out four coins expected to increase by 100 times!
The PEOPLE project was launched in November 2021, coinciding with the end of the bull market, resulting in limited breakout strength. However, as a popular meme coin project, it has high attention and great potential in a bull market. Recently, the meme sector has been hot, and PEOPLE has also achieved a doubling increase. From the monthly view, it is close to the previous bull market high point; if it breaks through 0.03, selling pressure will decrease. The likelihood of a second breakout for PEOPLE is high, with an expected increase of at least 3-5 times.
MYRO
Having looked at it, it also belongs to low market cap MEME. After being on the BN contract, it washed for about 3 months, and the market cap is only left at 20-30 million! This one has stepped into $20,000; such varieties are particularly likely to show a doubling trend with one line, so a small position can be taken to gamble; the certainty is very strong!
FET
Currently, the daily oversold signal has been triggered again. The last time this signal appeared, it led to a relatively standard rebound, respecting EMA21 (support and resistance exchange), EMA200 (trend boundary), and the overbought area, with a complete structure. Now re-entering the oversold state and close to the previous support zone, attention can begin. High odds positions: 0.70 and 0.67.
WIF
The hat dog may have already completed a short-term correction, with very little amplitude, giving no chance for a pullback; the bottom is continuously breaking out with strong indicators; there are short-term entry opportunities, with a short-term head and shoulders bottom; one can wait for a breakthrough of the yellow neck line to enter. Entry price: 1.3, stop-loss price: 1.0827, target price: 5.77, expected increase: 343%.
